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Wage Concession শব্দের বাংলা অর্থ: মজুরি ছাড়
Wage Concession Meaning In Bengali মজুরি ছাড়
Wage Concession
Definition
1) A wage concession is an agreement between an employer and employees to reduce or temporarily suspend wage increases, bonuses, or other compensation in order to help the company survive financial difficulties.
2) Wage concession can also refer to an arrangement in labor negotiations where employees agree to lower wages or benefits in exchange for job security, improved working conditions, or other concessions from the employer.
3) In the context of collective bargaining, wage concession is a specific term that denotes an agreement by employees to accept lower wages than what they initially demanded in order to reach a compromise and avoid a labor strike.
Examples
Wage Concession Example in a sentence
1) The workers were forced to accept a wage concession in order to prevent layoffs.
2) The company's new cost-cutting measures included wage concessions for all employees.
3) The union negotiated a wage concession to help the struggling company stay afloat.
4) The workers were upset about having to make a wage concession but understood the necessity.
5) The management insisted on wage concessions as part of the restructuring plan.
6) The employees agreed to wage concessions to avoid the closure of the company.
7) The union leader fought hard to minimize the impact of wage concessions on workers.
8) The company demanded wage concessions from all its departments to avoid bankruptcy.
9) The workers were hesitant to agree to any more wage concessions after multiple rounds of cuts.
10) The labor dispute was resolved after both sides compromised on wage concessions.
Part of Speech
Wage Concession (Noun)
Synonyms
Encyclopedia
A wage concession is an agreement between an employer and employees to reduce or temporarily suspend wage increases, bonuses, or other compensation in order to help the company survive financial difficulties.
Wage concession can also refer to an arrangement in labor negotiations where employees agree to lower wages or benefits in exchange for job security, improved working conditions, or other concessions from the employer.
In the context of collective bargaining, wage concession is a specific term that denotes an agreement by employees to accept lower wages than what they initially demanded in order to reach a compromise and avoid a labor strike.
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